If you’re a java junkie, sometimes nothing less than a trip to the nearest gourmet coffee shop will do. That is until now.
Under a new deal, Coinstar will roll out coffee kiosks featuring Seattle's Best Coffee beverages in drugstores -- as well as grocery stores and other retailers.
The kiosks will serve brewed coffee and specialty drinks including mochas and vanilla lattes with prices starting at $1.
“We’re really excited about this opportunity – this is a natural extension of our automated retail footprint,” says Coinstar CEO Paul Davis on CNBC’s Fast Money Halftime Report.
“We’ve been testing this for about 2 years – and there’s an undeserved consumer – we’re convinced this is a terrific business opportunity.”
The kiosks will first be rolled out in the Northeast and West Coast.
“It’s a very aggressive strategy,” muses Fast Money trader Joe Terranova. I think Constar is a name you can own.”
If you're one of those snobbish coffee drinkers who insists that only Starbucks will do, you should know that although they were once arch rivals, Starbucks bought Seattle’s Best in 2003, but retained the brand, in part because of its loyal following.